INVITE-ONLY SCRIPT
Q-Bar Signals
Actualizado
Hello Traders & Q Zoners
I introduce to you my latest indicator “Q-Bar Signals”. This indicator compares candlestick sizes as well as volume levels to check if latest candle is greater in both size and volume to a user-defined set of bars back.
Condition 1: For bullish candles, the indicator will measure the candlestick size of x number of bearish candles back and take the average size. It then takes the size of the bullish candle and if it is bigger than the average of x number of bearish candles, then it will display a green “Q” below that bullish candle. The opposite signal is true for bearish candles, displaying a red “Q” above the candlestick when the bearish candle is larger in size than the average number of bullish candles back.
Condition 2: The second part of this indicator compares volume. If a candlestick has met the first condition, it will also measure the volume of that candlestick and compare it to the volumes of a user-defined number of bars back. If the candlestick is bullish, it will look at the last x number of bearish volume bars and check if the bullish volume is higher than the highest volume of the bearish candles. If the condition is met, a green “Q+” will appear below the candle for bullish candles, and a red “Q+” will appear above the candle for bearish candles.
The user has a few different input options as well as alerts:
- Number of bars back to measure candlestick size from and take its average
- The candlestick measurement method: Between high to low, between open to close, or between the high/low to close (bullish candles measured between low to close, bearish candles measured between high to close)
- Number of bars back to check highest volume from and compare to current candlestick volume.
- Option to show only Q signals or both Q+ signals.
- Alerts for when signal first appears.
The signal waits for the candle to close and will then display signal and/or alert on the very opening of the next bar.
Tooltips have been added to the Q and Q+ labels which will display information containing the candlestick sizes and volume sizes to show you how the calculation is being performed and how big the differences are.
This indicator is meant to be used in conjunction with other tools and methods to help traders spot significant changes in price action and volume spikes.
Enjoy!
I introduce to you my latest indicator “Q-Bar Signals”. This indicator compares candlestick sizes as well as volume levels to check if latest candle is greater in both size and volume to a user-defined set of bars back.
Condition 1: For bullish candles, the indicator will measure the candlestick size of x number of bearish candles back and take the average size. It then takes the size of the bullish candle and if it is bigger than the average of x number of bearish candles, then it will display a green “Q” below that bullish candle. The opposite signal is true for bearish candles, displaying a red “Q” above the candlestick when the bearish candle is larger in size than the average number of bullish candles back.
Condition 2: The second part of this indicator compares volume. If a candlestick has met the first condition, it will also measure the volume of that candlestick and compare it to the volumes of a user-defined number of bars back. If the candlestick is bullish, it will look at the last x number of bearish volume bars and check if the bullish volume is higher than the highest volume of the bearish candles. If the condition is met, a green “Q+” will appear below the candle for bullish candles, and a red “Q+” will appear above the candle for bearish candles.
The user has a few different input options as well as alerts:
- Number of bars back to measure candlestick size from and take its average
- The candlestick measurement method: Between high to low, between open to close, or between the high/low to close (bullish candles measured between low to close, bearish candles measured between high to close)
- Number of bars back to check highest volume from and compare to current candlestick volume.
- Option to show only Q signals or both Q+ signals.
- Alerts for when signal first appears.
The signal waits for the candle to close and will then display signal and/or alert on the very opening of the next bar.
Tooltips have been added to the Q and Q+ labels which will display information containing the candlestick sizes and volume sizes to show you how the calculation is being performed and how big the differences are.
This indicator is meant to be used in conjunction with other tools and methods to help traders spot significant changes in price action and volume spikes.
Enjoy!
Notas de prensa
Minor UpdateMore accuracy applied on measurement method
Script que requiere invitación
El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Para obtener más información, póngase en contacto con The_Q_Zones o siga las siguientes instrucciones del autor.
TradingView recomienda no comprar ni utilizar un script si su autor no le ofrece total confianza o cuando no entienda cómo funciona. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestros Scripts de la comunidad.
Instrucciones del autor
″For more inquiries on below e-mail
Info@theqzones.com
¿Quiere utilizar este script en un gráfico?
Advertencia: Por favor, leer antes de solicitar acceso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.